Private capital required to meet 'very ambitious' housing targets

Chief executive of developer Glenveagh said up to €50bn may be needed

Conor Murtagh, chief financial officer, and Stephen Garvey, chief executive, of Glenveagh. 

Meeting the Government’s “very ambitious” target of building 300,000 homes by 2030 will require private capital investment to bridge the funding gap, as well as infrastructure spending of up to €10bn, the chief executive of homebuilder Glenveagh has said.

This comes as the company reported a strong performance during 2024, with turnover reaching a record level of €869m — up 43% year-on-year. The company's revenue growth was largely underpinned from its sales of homes to the State, which last year raised €120m, up from just €17m in 2023.